Risk Management

Framework revised 2008; is it helping, or can it?

Perhaps the 2008 revision of MOF can help improve the inherent quality of your organization, for example perhaps relative to service management functions associated with Business and IT alignment, IT Governance, Compliance and Risk Management.

As noted within MOF’s 5.1 GRC SMF document, certainly this is true…

“Governance, risk, and compliance are potentially far-reaching and interwoven activities that require participation by everyone in the organization”

If you have not already, perhaps do some related reading and thinking. Feel free to also share whether the revision has been a help to your organization, or whether you believe it can be in the future. Thank you for doing so.

Have a great weekend.

Read this fun look at a serious topic (network availability)

Looking for an enjoyable, funny, colorful post to read? Try this one! Although the topic is based on something fairly serious (Internet down!!!), it is an enjoyable read simply because of the fun way in which it is written (nice job Nicole!). Also enjoyed was a particular comment which referred to this fun site, It’s A Wonderful Internet (nice research find Asad!). Perhaps some readers of VIIP remember this post which is about a movie with a similar title. Perhaps some remember this post which contains serious numbers in terms of what a single hour of outage means to particular industries (millions per hour!!!).

Has your organization had a network outage recently?

If so feel free to share how long you were down, whether you and others accomplished objectives for the day regardless, and whether you or someone somehow tried to make a positive difference in the day for others regardless. Ideally some good came to the day. Ideally appropriate thanks was plentiful for the inherent quality brought to the day, or the risk management practiced, which allowed objectives to be accomplished regardless of the network unavailability.

The relationship between CobiT and Val IT

A quick post to share awareness…

There is some potential interesting reading in Volume 3 2008 of CobiT Focus. Articles in the July issue include one on the relationship between CobiT and Val IT; and another on IT Risk Management. There are more however. You can view the newsletter here.